Former Alameda Research CEO Caroline Ellison said Sam Bankman-Fried directed her to commit crimes that eventually led to their downfall.
In highly anticipated testimony, former Alameda Research CEO Caroline Ellison told a packed courtroom on Tuesday that her onetime boss Sam Bankman-Fried directed her to the commit the crimes that eventually led to the downfall of the crypto empire they helmed.
Ellison said Alameda had access to customer deposits through an unlimited line of credit, along with direct access to customer deposits that were sent to Alameda's bank account known as "fiat@". She also admitted to sending balance sheets to banks at Bankman-Fried’s direction that made Alameda’s position look less risky than it really was.
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